Below is a chart showing the increase in annual premiums paid for coverage, 2002-2012. The cost in dollars terms you see below are BOTH the employee and employer contributions to the total price paid for health insurance. The employee pays part of the cost out of their wages and the employer pays part of the cost on behalf of the employee---this is known as "non-wage" compensation.
Source: Forbes |
Here is another chart showing the percentage changes in various measures of wages and health care premiums paid by workers. Green line is the percentage change in wages. The blue and red lines are what employees and employers contribute in premiums. The gray line is the general level of inflation as measured by the Consumer Price Index (CPI).
Green line is relatively flat. Red and Blue lines increasing at steady rate. Red and Blue lines are the ones contributing to the flat green line. Health care premiums holding down wages. Can you see it?
Source: Forbes |
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